Open interest in contracts for the Trump family–linked WLFI token climbed close to $1 billion on Monday, underscoring intense speculation just hours before a partial token unlock. Data from CoinGlass shows open interest in WLFI derivatives hit $950 million in early trading before settling at $887 million — still up 45% over the past 24 hours. Trading activity soared alongside it, with WLFI derivatives volume jumping more than 535% to $4.54 billion, making it the fifth-most traded crypto derivative within a single day. Derivatives Surge as Unlock Approaches The token itself was priced around $0.34 on most major exchanges, down slightly from last week’s peak of over $0.40. Despite the dip, WLFI’s current price implies a fully diluted valuation of $34 billion, based on its maximum supply of 100 billion tokens. That figure would place the token among the top 10 cryptocurrencies by market value, overtaking Tron and Dogecoin. Around 5% of the supply is scheduled for unlocking on Monday. Based on current prices, that would bring WLFI’s market capitalization to approximately $1.7 billion once 5 billion tokens enter circulation. Binance Dominates WLFI Trading The trading frenzy has been led by Binance, which captured roughly half of the token’s 24-hour derivative activity. The exchange processed $2.22 billion in trades across more than 10.5 million transactions and holds $436.5 million in open interest, making it the largest venue for WLFI speculation. OKX ranked second, handling $917.5 million in volume from nearly 1.1 million trades. Other major exchanges, including Kraken, are also preparing to support WLFI trading, which has added further momentum ahead of the unlock event. World Liberty first announced the unlock on August 22, with 20% of tokens purchased by early backers scheduled for release on September 1 at 8 a.m. New York time. Originally intended only as a governance token for an Ethereum-based exchange and lending platform, WLFI has since grown into one of the year’s most high-profile launches. The Trump family plays a central role in the project : President Donald Trump is listed as “Chief Crypto Advocate,” while his sons Barron, Eric, and Donald Trump Jr. serve as “Web3 Ambassadors.” A family-linked company reportedly earns 75% of the protocol’s revenues. The post WLFI Token Nears $1 Billion in Open Interest Ahead of Unlock appeared first on TheCoinrise.com .
